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SAT Issues New Rules on Indirect Transfers of Assets by Nonresident Enterprises

Tax Analysis:February 6, 2015/China

On 6 February 2015, China’s State Administration of Taxation (SAT) issued new guidance (Bulletin [2015] No. 7, "Bulletin 7") on the PRC tax treatment of an indirect transfer of assets by a nonresident enterprise. (Tax Analysis:February 6, 2015/China)

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Bulletin 7 is the latest regulatory instrument on indirect transfers and follows two previous sets of guidance issued in 2009 and 2011: the “Notice on Strengthening the Administration of Enterprise Income Tax on Income from the Transfer of Shares by Nonresident Enterprises” (Guoshuihan [2009] Circular No. 698, "Circular 698") and the “Bulletin on Several Issues Concerning the Administration of Income Tax on Nonresident Enterprises” (Bulletin of SAT [2011] No. 24, "Bulletin 24").

 

>> Click for Japanese [国家税務総局が非居住者企業による財産の間接譲渡に係る所得税処理に関する公告を発布]

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